Mr. Speaker, it is interesting that members opposite, including her, continue to speak about the fact that this is supposed to help millions of Canadians, yet nobody seems to be able to address the experience with RRSPs. I have some numbers. Only 31% of the eligible Canadians contributed to their RRSP last year and unused RRSP room now exceeds $500 billion.
Would the member talk about why she thinks people would suddenly invest in this proposed plan when the RRSP experience has not reflected that?
The second piece of that is we know that people who have invested in RRSPs have taken a significant hit over the last couple of years during the economic downturn. How does she feel Canadians would be served by a plan that would continue to require people to invest this way and face the potential of losing significant amounts of money?